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Igor

New Zealand Dollar (NZD) Definition

By Igor, in Trading Dictionary

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Igor    10

Igor
Posted

The New Zealand Dollar is the official currency of New Zealand, given value by the region’s central bank. The Dollar can be broken down into 100 cents and is considered to be a Dollar-block currency. Traders investing in the NZD currency hold an optimistic view of the country’s macro economic fundamentals and the value and allocation of the countries natural resources. The NZD tends to track commodity prices because of the country's exporting of natural resources.

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